Wednesday, December 22, 2010

This is from George Mason University. No conservative think tank. But if you are an amateur economist as I am (I have shelves full of books on economics, does that qualify?) you will find the PDF linked in this report gripping even if you only look at the charts. The day of reckoning is coming. Everything else is whistling past the graveyard.

There is broad consensus among citizens, elected representatives, and federal administrators that the United States government is on a fiscally unsustainable path. Since 2000 federal outlays have exceeded federal revenues in each fiscal year creating deficits, and deficits are projected for the fore

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